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Dogecoin now ranks 12th largest cryptocurrency ahead of Polkadot

According to CoinMarketCap, Dogecoin (DOGE) has surpassed Polkadot (DOT) market capitalization. With a current market valuation of $17.2 billion, Dogecoin currently ranks as the 12th largest cryptocurrency ahead of Polkadot’s market cap of $16.3 billion. At the time of writing, DOGE is changing hands at $0.1298.

dogecoin-now-ranks-12th-largest-cryptocurrency-ahead-of-polkadot

DOGE/USD 4-hour chart | Source: TradingView

Dogecoin replaces Polkadot as 12th largest cryptocurrency

On February 22, Dogecoin dropped sharply, and the rest of the crypto market. It fell to $0.12, its lowest level since early December 2021. Polkadot (DOT) has now slipped to 13th place after failing to make a convincing recovery and trades at $16.30.

dogecoin-now-ranks-12th-largest-cryptocurrency-ahead-of-polkadot[1]

Source: CoinMarketCap

According to WhaleStats, Dogecoin is back in the top 10 tokens held by Binance whales. The top 1,000 BSC-based wallets are holding 324,950,073 DOGE. That’s a whopping $46,070.284 at current exchange rates.

Previously, the US-based TV streaming service provider, Sling TV, made Dogecoin one of the payment options for its customers’ subscriptions and now accepts the meme coin and other payment options through BitPay.

U.K. law firm gunnercooke has announced it is now accepting cryptocurrencies as payment for legal and professional services, claiming to be the first major law firm in the U.K. to do so. Coinpass, a U.K.-based crypto exchange registered with the Financial Conduct Authority (FCA) as a crypto-asset business, has teamed up with gunnercooke to make the transactions possible.

Sign up for a Binance account here (Discount 10% trading fees): https://accounts.binance.com/en/register?ref=29171587

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